426, 501, 515 NW Coast Street, Newport, OR 97365 | MLS #LC-103016 | Berkshire Hathaway HomeServices Northwest Real Estate

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Listing provided courtesy of Taylor & Taylor Realty Company- MLS# LC-103016MLS ProviderSource MLS Verified

426, 501, 515 NW Coast StreetNewport, OR 97365

Commercial · 6,505 Sq. ft. | 0.69 Acres
$2,375,000 Active

426, 501, 515 NW Coast Street Overview

Time on Site:
189 days
Visits:
24

Brand new PVC membrane roof has been installed on all buildings, along with exterior and interior updates completed! The price has been slashed, and the seller is motivated; bring an offer! Prime commercial investment opportunity in the Nye District. A former restaurant and bar, this property is fully equipped and is ready for its next chapter, offering an incredible investment opportunity. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space for a new concept. Located in a high-foot-traffic area near beach access, this property benefits from a steady flow of locals and tourists alike. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The sale for the storefronts is for the real estate only, not the existing businesses. Take advantage of this opportunity today!

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426, 501, 515 NW Coast Street Facts & Features

  • Type Commercial
  • Sq. ft. 6,505
  • Price/Sq.ft. $365
  • Lot 0.69 Acres

Details

General

Association/HOA

  • Association: false

Income/Expenses

  • Existing Lease Type: NNN

Building Information

  • Year Built: 1974
  • Year Built Details: Remodeled 2017. New roof and add. remodel 2025-26.

Business Information

  • Business Type: Bar/Tavern/Lounge,Restaurant,Retail,Parking

Location/Region

  • County Or Parish: Lincoln
  • Subdivision Name: Nye & Thompson

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 12328.71
  • Tax Year: 2025

General Information

  • Furnished: Furnished
  • Inclusions: Building
  • Listing Terms: 1031 Exchange,Cash,Conventional
  • Parcel Number: 111105CC-7900-00
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard
  • Zoning: C-2 General Commercial

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Total: 2

Building Interior

  • Above Grade Finished Area: 6505.0
  • Building Area Total: 6505.0

General Information

  • Accessibility Features: Accessible Approach with Ramp
  • Appliances: Water Heater,Refrigerator
  • Building Features: Kitchen Facilities,Private Restroom(s),Restaurant
  • Flooring: Other
  • Foundation Details: Slab
  • Levels: One
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Off Street,Paved
  • Parking Total: 34.0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.69
  • Lot Size Area: 0.69
  • Lot Size Square Feet: 30056.4
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • Waterfront: false

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Concrete
  • Roof: Membrane

General Information

  • Carport: false
  • Fencing: Wood
  • Number Of Units Leased: 2
  • Other Structures: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

426, 501, 515 NW Coast Street Neighborhood

Community

97365 (Newport) Demographics

46
Median Age
252
Population Density (per sq. mile)
38%
College Educated
$49,529
Estimated Median Income
2,693
Estimated Total Home Owners
2,073
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

426, 501, 515 NW Coast Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

426, 501, 515 NW Coast Street Market Data

Based on the last 30 days in this zip code

$620,101
Average List Price
$335
Average Price per Square Foot
17
Properties Sold
106
Average Days on Market
158
Properties for Sale
Calculations provided by Reliance Network

426, 501, 515 NW Coast Street History

Date Event Value Agent
1/9/2026Source: Tillamook MLS Price Reduction
$2,375,000 -0.8%
1/5/2026Source: Tillamook MLS Price Reduction
$2,399,000 -7.6%
1/5/2026Source: Tillamook MLS Price Reduction
$2,749,000 -1.8%
1/5/2026Source: Tillamook MLS Price Reduction
$2,394,000 -0.2%
1/5/2026Source: Tillamook MLS Price Reduction
$2,799,000 -1.8%
1/5/2026Source: Tillamook MLS Price Reduction
$2,849,000 -1.7%
1/5/2026Source: Tillamook MLS Price Reduction
$2,899,000 -1.7%
1/5/2026Source: Tillamook MLS Added to Database
February 07, 2025
1/5/2026Source: Tillamook MLS Price Reduction
$2,595,000 -5.6%